WHY ELECTRIC CARGO VEHICLES ARE THE FUTURE?
Globally, there is a sudden escalation in the demand for cargo EVs for last-mile deliveries. Initially, the demand was thought of as a temporary spurt, but now the cargo EVs have become an indispensable part of various industries and service sectors. And this seems to be the future.
Government schemes and incentives and a plethora of choices are making the adoption of Electric vehicles a surging wave. Despite the potential benefits of using electric vehicles (EVs) for last-mile delivery in e-commerce, there are a few challenges to their widespread adoption. A higher upfront cost and charging infrastructure of EVs compared to traditional delivery vehicles can be a concern, especially for deliveries in remote or less- developed areas. However, market studies reveal that the EV market was worth $56.1 million in 2019 and is projected to grow by 22.1% from 2020 to 2030. Moreover, post- pandemic the e-commerce sector has quickly made the transition to EVs considering the demand for doorstep deliveries and the many benefits of EVs. Studies expect as many as 8 million vehicles to be on-road in the urban delivery segment.
- Business Boom : The emergence of electric three-wheeler delivery vehicles has paved the way for an eco-friendly and cost-effective solution for last-mile transportation. The boom in business for the e-commerce industry has put logistics of transportation under considerable pressure to deliver in time from anywhere. Be it the urban areas of the remotest village, the demand for quick and efficient delivery of goods and commodities is an essential requirement . That's the role where the electric cargos fit in perfectly! Some e-commerce giants have already recognized the benefits and integrated EVs into their businesses. Flipkart plans to deploy 25,000 EVs by 2030, while Amazon India has pledged to include 100,000 EVs in their fleet by the same year as part of their climate change commitment.
- Perfect Last mile solution: Cargo electric vehicles (EVs) are becoming increasingly popular in last-mile transport due to a number of reasons. The benefits of cargo EVs, including their sustainability, efficiency, and versatility, make them a promising option for last-mile transport, which is essential for the growth of e-commerce and urban sustainability. *They offer zero emissions, which makes them environmentally friendly and contributes to a cleaner and more sustainable urban environment.*Cargo EVs are typically more maneuverable than traditional delivery vehicles with gearless and easy, fatigueless drive making them better suited to navigating crowded urban areas, especially for the final leg of delivery to customers.*Cargo EVs are quieter than traditional delivery vehicles, which can help reduce noise pollution in urban areas.*With advancements in battery technology, cargo EVs now have a longer range and can carry heavier loads, making them more practical for last-mile delivery.
- Newer and Efficient Technology: With a number of players in the market the EV technology is set to play a significant role in the future of transportation. This includes advancements in battery technology, charging infrastructure, more range, compatibility for all loads and roads, environment friendly, affordable, and accessible to a wider range of consumers. This is where Altigreen fits the bill perfectly. The Indian made Altigreen EVs offer all of the above, promising to make last mile transportation and delivery experience a smooth one. Altigreen unveiled a rapid charging battery pack that charges from 0 to full in just 15 minutes. Altigreen EV cargos have been certified by the ARAI as having a range of 151 kms on a single charge. With almost 54% reduction in logistics cost compared to ICE cargos, an Altigreen EV gives one a lifetime savings of Rs.10 lakh. Designed with a payload capacity of up to 550 kgs, a phenomenal 220 mm ground clearance, 45nm torque and a top speed of 53 kmph, a ride into the future with an Altigreen EV looks rather smooth!
- Government Incentives : Governments around the world are providing incentives to encourage the adoption of EVs, such as tax credits, grants, and subsidies. This can make it more cost-effective for e-commerce companies and cargo fleet owners to invest in electric cargos. The government of India launched the FAME scheme in 2015 to incentivize and promote the adoption of electric vehicles in India, supporting the country's transition to a cleaner and more sustainable transportation system.
Electric 3-wheeler are much in demand as they have a wider application across various sectors. Moreover, transitioning to electric cargo vehicles makes perfect business sense for last-mile deliveries as well as various other sectors as they provide both- sustainability as well as profitability. Soon the world will look to having only electric vehicles on the roads- that itself indicates that these are the future of transportation.
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